EUR/USD fell during most of the session on Wednesday as the markets took a "risk off" attitude in general. This pair managed to bounce though, and we now have a nice hammerish candle now. This pair looks healthy, but there is a ton of noise ahead.
The GBP/USD did much of the same, but still looks the healthier of the two. The pair looks like it also has a ton of support below at the 1.60 level, and we could see a real surge of buyers in that region IF was fall. If not, we should see the floodgates open at the 1.63 level.
Create a FREE account